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The Bell Weather Co is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend by 17 percent

The Bell Weather Co is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend by 17 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. The company just paid its annual dividend in the amount of #3.10 per share. What is the current value of one share of this stock if the required rate of return is 8.60

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